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Diamond reports from GIA (as well as other, for-profit sources) are now demanded by most consumers purchasing diamonds over a certain size, typically for over 0.5 carat (100 mg), and almost always for over 1.0 carat (200 mg), and are considered an important tool in guaranteeing that a diamond is accurately represented to a potential buyer.
Worthy.com is an online liquidation marketplace for pre-owned luxury goods including diamonds, brand-named watches, and diamond jewelry. [1] Worthy is headquartered in New York City and was founded by investment banker Ben De-Kalo in 2014.
The DODAQ exchange is intended to be a terminal market for round, polished, certified diamonds (the most liquid part of the market) and hosts its centralised storage facility in a Freezone. The exchange is an attempt to overcome the traditional investment barriers of sales tax and low liquidity on the resale market.
Last year, revenue from sales of its lab-grown diamonds reached 265 million Danish krone ($38.5 million), and by 2026 the Danish retailer is aiming to bring in the billions.
IGI is the largest laboratory for certification of diamonds and fine jewelry. [8] IGI is International Organization for Standardization (ISO) 9001: 2000 certified in four countries, including the United States, Canada, India and the United Arab Emirates. [citation needed]
Lab-grown diamond sales surged from just 2% of the global diamond jewelry market in 2017 to 18.4% in 2023, according to data provided by Zimnisky. Additionally, the case for buying diamonds as an ...
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